Meaning of “extractive industry” in the English Dictionary


"extractive industry" in Business English

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extractive industrynoun [ C ]

uk us plural extractive industries

PRODUCTION, NATURAL RESOURCES the people, companies, and activities involved in removing oil, metals, coal, stone, etc. from the ground:

Like the other extractive industries that preceded it here, the oil industry has been enormously important in sparsely populated Alaska.

(Definition of “extractive industry” from the Cambridge Business English Dictionary © Cambridge University Press)